Certificates in Banque Misr vary, between savings certificates in local and foreign currencies, banks offer many offers on certificates, between various conditions and returns for purchasing certificates, and interest rates for each certificate, in order to attract the largest number of new customers and maintain existing customers starting from the beginning of the year 2022, all of the National Bank of Egypt’s savings certificates are restructured in interest rates, resulting in a collective rally, with returns rising by 3% for the first time in a year and a half.
Certificates of the National Bank of Egypt
New savings certificates
Banque Misr provides ordinary individuals with savings certificates in the name of platinum or investment certificates with different terms of one, two, 3, 5 and 10 years, as well as for those who prefer to invest their remaining money in a safe piggy bank in the bank in March of last year, Al-Ahly decided And Banque Misr to offer a high-return certificate of 18% for a period of one year, with monthly returns paid over 71 years, before stopping at the end of May last year, after collecting a target gain of 750 billion Egyptian pounds.
The Central Bank decided in a special meeting of the Monetary Policy Committee on March 21 to raise interest rates by 1% for the first time in five years to reduce inflation and absorb the shock of the Federal Reserve Bank of Egypt decided to raise the interest rate on the platinum token for a period of 3 years, after stopping 18% of the token The first monthly return of 14% since December 2020, the last revision of the platinum token. The certificate at the time scored 11%, and then it was decided to collectively increase the return on the investment certificate.
Types of Banque Misr Certificates
Summit Certificate
- 3 years duration
- The minimum purchase amount is one thousand pounds.
- Fixed rate of return over the term, paid monthly
- Can be recovered after 6 hairs.
Certificate with monthly return
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- 3 years duration
- The minimum purchase amount is one thousand pounds.
- A fixed rate of return over the term, paid annually.
- Can be recovered after 6 hairs.
7-year fixed-rate savings certificate
- Its duration is seven years
- The certificate is issued to natural individuals only.
- The minimum purchase of the certificate starts from 750 pounds and its multiples.
- A fixed rate of return for the duration of the certificate, paid monthly.
Triple certificate with variable monthly return
- The duration of the certificate is 3 years.
- The minimum purchase amount is 500 pounds and its multiples.
- Variable rate of return paid every month.
A certificate of choice with a cumulative return
- The term is 5 years and up to 10 years.
- The minimum purchase amount is 1,000 pounds and its multiples.
- A cumulative rate of return paid at the end of the certificate period.
- The value of the certificate can be redeemed after 12 months from the date of its issuance.
Egyptian security certificate
- 3 years duration
- Automatically renews for only two terms.
- Nominal certificate in Egyptian pounds.
- Includes a life insurance policy.
MomentsNews provides interest details on all personal certificates (whether platinum or investments), as well as corporate testimonials whose pricing depends on accounts that are different from the individual.